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BCE·BCE Inc.

$19.70
-0.05 (-0.25%)
High
$19.82
Open
$19.71
Market Cap
26.27B
52W High
$26.52
Low
$19.65
P. Close
$19.70
P/E
4.09
52W Low
$19.51
Fwd P/E
10.61
DailyIQ Est.
$26.53
Inst. Ownership
0.1%
Short Interest
1.75%
Days to Cover
6.2
Technical Score (1D)
5
BEARISH
News Sentiment
64
BULLISH
On Oct 6, BCE reported earnings that surpassed estimates, with a quarterly earnings per share of $0.47 compared with the forecasted $0.46, a 2.17% surprise. The company has consistently outperformed earnings estimates, topping forecasts by an average of 5.85% over the last two quarters. In the preceding quarter BCE also beat expectations, with a 9.52% excess over the forecast. Analysts noted that this pattern of earnings beats could continue into the next quarterly report. The earnings beat was highlighted as a positive development for the company.
LOW TARGET
$25 +24.8%
2 analysts
MEAN TARGET
$26 +33.9%
15 analysts
HIGH TARGET
$28 +43.0%
7 analysts
PRICE RANGE
$24.59 - $28.18
SB / B / H / S / SS
2/11/9/1/1
DAILYIQ EST.
$26.53 (+34.7%)

EPS

EstBeatMiss
$0.68$0.71$0.74$0.77$0.80Q3'25Q3'26
QtrEstActual+/−
Q3'26$0.70 - -
Q3'25$0.71$0.79+10.8%

Revenue

EstBeatMiss
$6.0B$6.1B$6.1B$6.2B$6.3BQ3'25Q3'26
QtrEstActual+/−
Q3'26$6.2B - -
Q3'25 - $6.0B -

Market Data

BCE Stock Snapshot

BEARISH5/100
$19.70−$0.05 (0.3%)
Market cap
26.27B
P/E ratio
4.1
Day range
$19.65 – $19.82
News sentiment
64/100 · Bullish
Analyst target
$26.38 (+33.9%)
Consensus
Buy · 24 analysts
52-week range+1.0% off low · -25.7% from high
$19.51$26.52
Price $19.70 DailyIQ Est. $26.53

BCE's technical picture is under pressure, with momentum working against price. Earnings and guidance carry more weight than macro data at this capitalisation.

Behaviour On Record

What BCE's own history says about today's numbers

Realized volatility (21d)
16.2% 55th pct
Below its peak
-66.6%
vs 200-day average
-17.0%
Up days (1y)
45%

BCE Inc. is currently running 16.2% annualised volatility over the last 21 sessions. Measured against BCE's own 13 years of daily returns rather than a market-wide average, that is the 55th percentile — close to its own typical level, against a typical reading of 15.2%. The distinction matters because a number that looks calm for one stock is turbulent for another, and the absolute figure on its own tells you neither.

BCE is trading -66.6% below its running peak. Across 12 full years on file, its median worst-drawdown-in-a-year was -17.9%, and the deepest was -46.3% in 2024. The current drawdown is already deeper than this stock's typical annual low point, which puts it in the part of its range where past recoveries began — and where past declines also continued.

Price sits -17.0% from its 200-day moving average. Against every other day in its history, that gap ranks at the 6th percentile — a narrower gap than it typically runs. Over the past year BCE closed higher on 45% of sessions, and it is currently 1 session into a rising streak.

On October specifically: over 13 years of records, BCE finished the month higher 6 of 13 times, with a median return of -1.4% and an average of -0.4%. Its strongest month historically has been January at +2.6% on average, its weakest September at -3.6%. Seasonality is a weak signal on its own — a decade is a small sample and regimes change — but it is a real distribution rather than a rule of thumb.

Overnight risk is measurable too: BCE has opened more than 2% away from the prior close in 67 of 3,267 sessions (2.1% of the time), with the largest gaps running +9.8% and -7.2%. For anyone holding through an event, that rate is a better guide to overnight exposure than the intraday range.

All figures computed from 3,268 daily closes between 2013-10-07 and 2026-10-05, split-adjusted, recomputed daily. Percentiles are against BCE's own 13-year history, not a peer group or index.

Sector Rotation

Is money rotating into or out of BCE's sector?

BCE Inc. sits in the Communication Services sector, currently ranked 4th of 12 GICS sectors by relative-strength rotation score (lagging).

Sector rank
#4 of 12
Sector state
Lagging
Sector rotation score
18

Options Market

What is the options market pricing for BCE?

CallsPuts

For BCE Inc.'s nearest expiry (2026-10-16, 9 days out), open interest is call-heavy, a bullish tilt (put/call ratio of 0.21), with at-the-money implied volatility around 3.1%. The options market is pricing roughly a ±0.5% move by that expiry — a range of about $19.57–$19.77.

Put/call ratio (2026-10-16)
0.21
ATM implied volatility
3.1%
Total open interest
520
Expected move by 2026-10-16
±0.5% ($19.57–$19.77)

Analyst Rating Changes

Are analysts turning bullish or bearish on BCE?

B of A Securities most recently upgraded BCE Inc. to Buy on Aug 11, 2026 with a price target of $27 (from $25). Over the last 90 days, coverage has run 1 upgrade against 0 downgrades, a net bullish lean.

Latest action
B of A Securities — Buy
90-day upgrades
1
90-day downgrades
0
Net rating momentum
+1
DateFirmActionRatingPrice target
Aug 11, 2026B of A SecuritiesUpgradeUnderperform → Buy$25 → $27
Jul 16, 2026BarclaysMaintainedEqual-Weight$26 → $25
Mar 17, 2026RBC CapitalMaintainedOutperform$38 → $39
Nov 10, 2025BarclaysMaintainedUnderweight$22 → $21
Oct 16, 2025RBC CapitalUpgradeSector Perform → Outperform$35 → $37
May 14, 2025RBC CapitalReiteratedSector Perform$35
Feb 25, 2025RBC CapitalReiteratedSector Perform$39
Jan 21, 2025BarclaysDowngradeEqual-Weight → Underweight-
Nov 11, 2024BarclaysMaintainedEqual-Weight$34 → $30
Nov 5, 2024Edward JonesDowngradeBuy → Hold-
Oct 9, 2024BarclaysMaintainedEqual-Weight$35 → $34
Sep 19, 2024BMO CapitalMaintainedMarket Perform$48 → $51

News Sentiment Analysis

Sentiment gathered from recent headlines

64/100
Strong NegativeNeutralStrong Positive
MODERATELY BULLISH

Recent News Coverage

Most recent articles, ranked by recency (click to expand).

10+ articles
What did this article say?
Bell Canada completed a subsea fibre deployment that connects 184 homes and businesses on Big and Little Tancook Islands to its high‑speed network. The project involved laying 7 kilometres of submarine cable and adding 8 kilometres of on‑island fibre, replacing the islands’ previous reliance on fixed wireless and satellite. The upgrade is expected to improve access to work, education, healthcare and economic opportunities for the remote community. The initiative demonstrates Bell’s commitment to expanding broadband coverage in underserved regions.
What did this article say?
BCE, Canada’s largest telecommunications firm, has consistently outperformed earnings estimates, averaging a 5.85% beat over the last two quarters. The company reported $0.47 per share in the most recent quarter versus an expectation of $0.46, a 2.17% surprise, and $0.46 versus $0.42 in the prior quarter, a 9.52% beat. Analysts note that rising consensus estimates and a positive Zacks Earnings ESP reinforce expectations of another earnings beat. The firm’s strong track record and favorable analyst sentiment suggest continued upside momentum for investors.
What did this article say?
Bell announced a $10 million investment to support Canadian mental health initiatives through 2027, raising its total Bell Let’s Talk commitment to $205 million since 2010. The funding will underpin the 17th annual Bell Let’s Talk Day on January 26, 2027, which aims to encourage everyday actions that improve well‑being. The initiative is backed by research from the Canadian Mental Health Association and aligns with Bell’s broader corporate social responsibility strategy.
What did this article say?
Bell Canada and Cisco signed a memorandum of understanding to develop a sovereign AI infrastructure in Canada, combining Bell’s data centres, network and operations capabilities with Cisco’s AI, security, observability, and infrastructure monitoring technologies. The partnership aims to enable Canadian organizations to deploy, secure, and manage AI infrastructure domestically, offering greater flexibility and control over AI capacity. The collaboration is positioned to support the growing demand for AI services while addressing national security and data sovereignty concerns.
What did this article say?
BCE Inc. reported its lowest share price since 2009, reflecting investor concern over the company’s high debt load. The analysis highlighted the firm’s diversified portfolio in broadband, wireless, TV, and media, but noted that growth initiatives have yet to offset the debt burden. While the company’s scale and market position remain strong, the debt levels and modest growth prospects temper enthusiasm for a near‑term upside. The report concluded that BCE’s valuation appears stretched given its current financial obligations.
What did this article say?
BCE announced a strategy focused on fiber expansion in Canada and the U.S., targeting 45,000–50,000 net additions in Canadian markets and refining U.S. construction priorities. The company plans to grow its AI and managed technology services, aiming for a CAD 2 billion AI‑solutions business by 2028 with 20% returns on AI infrastructure investments. CFO Curtis Millen highlighted disciplined capital allocation, a 3.5‑times leverage ratio target by 2027, and lower churn driven by network and service improvements rather than aggressive acquisition.
What did this article say?
Bell Canada (BCE) has partnered with Cohere to deploy a domain‑specific AI model in its Bell Cyber operations, announced at the Bell Cybersecurity Summit in Toronto. The large language model, built on Cohere’s secure enterprise AI platform and trained on BCE’s own cybersecurity data, is intended to speed threat investigations and provide more consistent analysis for analysts. The deployment signals BCE’s continued investment in advanced security technologies and positions it to offer enhanced services to enterprise customers. While the move is a positive development, it is a incremental upgrade rather than a transformative shift in the company’s core business.
What did this article say?
Desjardins raised BCE’s price target to CA$43 from CA$41 while keeping a buy rating. The analyst noted that the absence of a guidance increase does not negate the potential impact of the 900MW MoU announced earlier. BCE shares fell 3% since the announcement, yet the move is viewed as a buying opportunity. The target lift reflects modest optimism about BCE’s future earnings prospects.
What did this article say?
BCE has released the full transcript of its second‑quarter 2026 earnings call. The document provides management commentary on revenue, operating expenses, and capital expenditures, as well as answers to analyst questions. While the transcript itself does not yet reveal any new guidance or material surprises, it offers insight into the company’s strategic priorities and risk outlook for the remainder of the year.
What did this article say?
BCE’s stock fell 31% after the market opened, yet analysts maintain a neutral to slightly negative stance, citing the company’s solid fundamentals and steady dividend. The drop reflects broader market volatility rather than a fundamental shift in BCE’s earnings outlook.

Technical Analysis

Real-time indicators across multiple timeframes

5
BEARISH
Technical indicators reflect the latest computed signal mix for this timeframe.
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Institutional & Hedge Fund Ownership
1 tracked managers · $40.11M combined position · 0 adding, 0 trimming, 1 unchanged (latest 13F filings)
ManagerTrendShares Held% of Co.Position ValueFiled
Citadel Advisors LLC• Hold1,864,5960.14%$40.11M2026-09-02
Q2 2026 flow:1.86M sh bought ($40.11M)0 sh sold ($0)net +1.86M sh (+$40.11M)